12-5-12 Footforward: The Vietnam currency value tanked because of inflation. Vietnam cannot carry a high value to their currency. I don't believe that Vietnam can support a value higher than between $.05 - $.20, no higher.
There is manipulation to get people to exchange their dinar for dong. These people will be very disappointed at the end of the day.
The dong has not RV'ed anywhere, what you are seeing on the screens is manipulation, propaganda to get you to sell you dinar and buy dong.
The dinar will give a better return on your investment, it will outperform the dong, but the dong will still be a very good investment.
China is in control of part of this, but it is really a collective of events. Some think that this is being held off until January, 2013 for taxes, I don't believe that to be true.
A free float - there is no way this will free float. If they were to go to a free float they can only increase/decrease 2% every 90 days.
It would take a very long time for them to get anywhere. It is not going to happen that way.
The GOI has no affect on the RV. The monetary policy is decided by the CBI. The CBI and the GOI have done everything they need to do, it is out of Iraq's hands. There isn't much new intel, there isn't a lot going on out there. We are just waiting for the call to let us know we can go cash out.